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|It was a first positive week after 5 consecutive negative weeks for the AbbVie (ABBV). During the week, the ABBV gained 9.23 points, or 11.60%, and closed at 88.79 on Friday, November 09, 2018. Weekly volume was 41% above average. |
ABBV is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on October 22, 2015 at 45.45 and reached 125.86 on January 26, 2018. ABBV gained -80.41 points, or -176.92%, in 118 weeks. The price is now at the 46.10% retracement level.
Medium-term trend: [See ABBV medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 125.86 and reached 77.50 on November 1, 2018. ABBV lost 48.36 points, or 38.42%, in 39 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See ABBV short-term trend chart]
A short-term uptrend had started on November 1, 2018 at 77.50 and reached 89.71 on November 8, 2018. ABBV gained -12.21 points, or -15.75%, in 7 days. The price is now at the 7.53% retracement level.
Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.